The Largest Wealth Fund in the World Got Hit by Rising Interest Rates. It Lost Tens of Billions in Q3.

Source: International Business Times

Norway's sovereign wealth fund lost $30 billion in the third quarters, largely as a result of rising interest rates. Getty Images Norway's sovereign wealth fund lost $30 billion in the third quarters, largely as a result of rising interest rates. Norges Bank Investment Management (NBIM) noted that it lost 278 billion kroner after the global bond market soured over the past months.